India Corporate Citizenship Report 2008
Published by Citi. All rights reserved. No part of this publication may be reproduced or
transmitted in any form or by any means without the prior written permission of the publisher.
2005 Citi Micro Entrepreneur Awards ‘National Winner’ from the South Chinamma makes organic
neem seed fertiliser, and enables other women to earn fair wages by eliminating the middleman
Contents
Message from the CEO 03
Microfinance & Microenterprise 05
Financial Education 17
2006 Citi Micro Entrepreneur Awards ‘Social Responsibility Winner’ from the East and North East Aolemba Longkumer designs, manufactures and
exports innovative environmentally friendly bamboo products, and also trains and employs the economically underprivileged from his community
Citi in India
strategy to change lives. They include grants from Citi
Committed to India for over 107 years, Citi prides itself
Foundation, contributions from local country businesses
in being a local bank with an unmatched international
and employee volunteerism. The programmes are aligned
perspective, backed by the largest global network. In India,
to Citi Foundation’s priority focus areas: Microfinance
Citi offers the full range of consumer banking products and
and Microenterprise, Small and Growing Businesses,
services under the ‘Citibank’ banner, and its corporate and
Education, Financial Education, Disaster Response and
investment banking services under the ‘Citi’ brand name.
Employee Engagement. Citi believes these form the pillars
With approximately 8000 employees, Citi’s network in India
for economic and social empowerment.
comprises 40 Citibank branches across 28 cities and over
Education 23
450 ATMs. We serve over 4000 corporate and commercial
clients and more than 3.5 million retail customers. With a
Small and Growing Businesses
29
capital investment of over US$ 3 billion, Citi is the single
largest foreign direct investor in the financial services
Disaster Relief and Rehabilitation 33
industry in India. Citi’s franchise also includes businesses
like equity brokerage, equities distribution, private banking
Volunteerism 35
(Citi Private Bank), wealth management (Citi Wealth
Advisors), and alternative investments and private equity
Workplace 37
(CVCI). For more information on Citi, please visit:
www.citibank.com/india
About Citi Foundation
The Citi Foundation is committed to enhancing economic
opportunities for underserved individuals and families in
the communities where we work throughout the world.
Globally, the Citi Foundation is focusing its giving on
Microfinance and Microentrepreneurship, which helps
individuals become economically self-sufficient; Small
and Growing Businesses, leading to economic expansion
and job creation; Education, which prepares young
people for personal and professional success; Financial
Education, which helps individuals make informed
Corporate Citizenship in India
financial decisions; and the Environment with a focus
Having been in India for more than a century, Citi firmly
on sustainable enterprises that generate jobs and
believes in giving back to the communities in which
stimulate economic growth while preserving the
the bank operates. Aimed at sustainable development,
environment. Additional information can be found at
Citi’s corporate citizenship initiatives map out a clear
www.citifoundation.com
1
Message
from the CEO
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Position Picture - To be replaced
Citi has been in India for more than a century and
in that time, we have grown to become the largest
international bank in the country. From our humble
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beginnings in 1902 in Kolkata, we have expanded as
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the country’s economy has progressed. We believe our
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success is closely intertwined with that of India’s and
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we have participated in several milestones, including
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financing Air India’s first Boeing aircraft in 1971 and
pioneering biometric ATMs. We have also built up a
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4
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Indian corporates and multi-nationals to small-and-
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medium-sized companies and individuals. But this
success would mean nothing if we did not participate
in nation-building efforts through support for the
communities in which we work and live.
With this in mind, I am proud to present the first edition
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legacy of trust amongst our clients, which range from
of the Citi India Annual Corporate Citizenship Report,
which serves as a compendium of all the activities Citi
strives to undertake for the community. Whether it is
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in the vitally important area of financial education – a
cause particularly relevant in the Indian context – or
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12
in giving a push to financial inclusion through
Citi’s employees have also been generous with their
microfinance and microentrepreneurship, Citi India
time by using their expertise and efforts to volunteer
is at the forefront of supporting these efforts.
across a wide spectrum of projects in 2008. Through
I am particularly pleased with the Citi Micro
Entrepreneur Awards, which has just celebrated
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its fifth anniversary. The awards, which recognise
entrepreneurs who have climbed out of poverty
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Citizenship in India
Microfinance and Microenterprise
Financial Education
Education
Citi Micro Entrepreneur Awards
Colours indicate sectors of Citi’s
citizenship initiatives. Multiple boxes
in a state indicate the total number
of active organisations. (Details in
relevant section)
Map is not to scale. Boundaries are
indicative.
2
States
1 Andhra Pradesh
2 Arunachal Pradesh
3 Assam
4 Bihar
5 Chhattisgarh
6 Goa
7 Gujarat
8 Haryana
9 Himachal Pradesh
10 Jammu and Kashmir
11 Jharkhand
12 Karnataka
13 Kerala
14 Madhya Pradesh
15 Maharashtra
16 Manipur
17 Meghalaya
18 Mizoram
19 Nagaland
20 Orissa
21 Punjab
22 Rajasthan
23 Sikkim
24 Tamil Nadu
25 Tripura
26 Uttarakhand
27 Uttar Pradesh
28 West Bengal
Union Territories
29 Andaman and
Nicobar Islands
30 Chandigarh
31 Delhi
32 Dadra and Nagar Haveli
33 Daman and Diu
34 Lakshadweep
35 Puducherry
across India in one year about financial literacy.
our Global Community Day and India Community Days,
more than 2600 employees have helped build homes,
offered financial literacy lessons, comforted the elderly
and entertained underprivileged children.
and empowered their communities, represent the
These are just some examples of the support Citi has
triumph of the human spirit over adversity. The
offered in the last year – much more is contained in the
microenterprise movement has grown rapidly across
pages that follow. I hope you enjoy reading this as much
India and these awards should serve as a beacon of
as we have cherished being a part of this common
hope for all entrepreneurs.
global dream of community at Citi.
Another major highlight of 2008 has been the launch
Sincerely,
of the National Alliance for Financial Literacy (NAFiL)
by the Citi Center for Financial Literacy, a part of
the Indian School of Microfinance for Women in
Mark T. Robinson
Ahmedabad. NAFiL aims to educate a million women
CEO, Citi South Asia
3
Microfinance and
Microenterprise
The microfinance sector has the potential to be one of
the key drivers of socio-economic change in any nation
and a major force for poverty alleviation. It is this belief
that drives Citi’s strategy in supporting microfinance
and microentrepreneurship in India, a strategy that has
proved successful over the past decade and more.
Citi India has been working closely with some key nongovernment organisations (NGOs) in the microfinance
space since 1997 and adopts a combination of
philanthropy and commercial microfinance initiatives
– the Citi Microfinance business group was launched in
2004 - to drive change in the sector. The Citi philosophy
is to have a judicious mix of the two for lasting results.
The grants provided by the Citi Foundation over the
past decade have helped build capacity for NGOs and
microfinance institutions (MFIs). This in turn has given
large segments of the underprivileged and unbanked
population across the country much-needed access to
a broad range of financial services. Citi’s microfinance
programmes in India have benefited about three million
women and their families.
The microfinance business segment, on the other
hand, has made great strides since its launch and is
recognised for the innovative nature of the transactions
it undertakes. The business works with some of the
leading MFIs, networks and investors in India, providing
microfinance solutions across the spectrum.
The emergence and increasing success of microfinance
and entrepreneurship in India – a key policy objective of
the government as part of its focus on financial inclusion
– has also been borne out by the huge success of the Citi
Micro Entrepreneur Awards. The awards, which celebrate
the successes of individual microentrepreneurs who
have used microfinance to emerge from poverty and
even helped generate employment, are now seen as the
defining image of microenterprise in India.
Apambi Devi from Kwakeithel, Imphal makes pots and water
containers using tyre scraps. She is a first cycle loan client of
FWWB and is eligible for a second loan of Rs. 15,000 in July 2009
5
A client of Khamir Craft Resource Center with working capital
under LEAD. Khamir works in Bhuj, in the Kutch district, to
revive traditional handicrafts like Rogan art and Kutchi bandhni
Kalighat Society for Development Facilitation (KSDF) in Kolkata works with people from
underpriviledged communities. Women here are trained in stitching and embroidery
ACCESS Development Services
Partner Since: 2008
Programme: Microfinance
India Summit
Geographical Coverage: 23 countries
Reach: 950 delegates representing over
300 institutions
In November 2008, Citi partnered with ACCESS
Development Services to host the fifth Microfinance
India Summit in New Delhi. Focusing on the theme of ‘The
Poor First’, the three-day conference brought together
950 delegates from 23 countries representing over 300
institutions that included not-for-profits, microfinance
institutions, banks, investors, rating agencies, government
bodies and academic institutions. The 2008 Microfinance
India State of the Sector Report was unveiled by Dr. Suresh
D. Tendulkar, Chairman, Economic Advisory Council to the
Prime Minister’s Office. The third day of the conference,
dedicated to sustainable livelihoods, saw the launch of the
first Livelihoods State of the Sector Report. More than 1000
copies of the reports were distributed to stakeholders.
Alongside the conference, ACCESS also organized ‘Ode
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“Access to financial services has always
been a major challenge to low-income
households. While ‘credit’ is of critical
importance, other pivotal services like
savings, insurance and pension are equally
important and have a direct impact
on mitigating the vulnerability of poor
households as well as help in building
assets. The sector today realises the need
for a composite package of services.
FWWB’s partnership with Citi to support
social entrepreneurs who have developed
innovative and sustainable livelihood
solutions to mitigate risk and reduce the
vulnerability of the poor household is
worth replicating. More such partnerships
are required to address and provide
wholesome solutions to poverty.”
Vijaylakshmi Das, CEO, Friends of Women’s World
Banking, Trustee ISMW
to Earth’, a three-day marketing and capacity-building
provides loan support to microfinance institutions (MFIs)
event designed to help producer groups expand markets
and capacity-building support to MFIs and community-
for primary producers. The success of this initiative was
based development finance institutions. Many of its
represented in the form of the participation of 63 producer
partners have moved from start-ups in the NGO field to
groups representing 5000 primary producers, and the
well-established MFIs. With the banking sector opening
generation of over Rs. 60 lakhs (approx US$ 128,000) of
up to MFIs, FWWB has repositioned itself to focus on loan
business through retail and wholesale sales. 
and capacity-building support for institutions in poor
underserved states. The Citi Foundation support over the
Friends of Women’s
World Banking
Partner Since: 1997
Programme: Revolving Loan Fund,
Livelihood Revival Fund, LEAD
Geographical Coverage: Tamil Nadu, Kerala,
Karnataka, Andhra Pradesh, Maharashtra, Orissa,
West Bengal, Jharkhand, Chhattisgarh, Bihar, Uttar
Pradesh, Madhya Pradesh, Delhi, Assam, Manipur,
Rajasthan, Gujarat, Arunachal Pradesh
Reach: 1,039,260 women borrowers thus far
past decade has helped FWWB nurture new initiatives in
the area of poverty eradication, such as Revolving Loan
Fund programme, and Livelihood Revival Fund established
after the Gujarat earthquake in 2001.
In 2008, FWWB concluded a two-year Livelihood and
Enterprise Development (LEAD) project funded by Citi
Foundation. The programme provided support to small
enterprises, both by providing finance and business
development services like skill and entrepreneurship
training, backward and forward linkages, and financial
planning. The support was geared towards both farm and
non-farm activities as well as for cluster and individual
lending practices. The project also provided for social
security, financing livelihood activities, working capital
support, and market linkages support. FWWB partnered
Friends of Women’s World Banking, a long-standing partner
with eight organisations under the LEAD project reaching
of Citi, is one of the country’s leading apex organisations. It
out to 10,250 households across six states. 
7
Rickshaw drivers from Sammaan Foundation, which works towards organising the sector. Rickshaws
are a popular medium of local transport in India. Sammaan operates in Bihar, UP and NCR.
A Self Help Group meeting of one of
Citi’s microfinance institution partners
Working Women’s
Forum
Citi’s partnership has been critical to the growth and
expansion of WWF. Citi Foundation’s support has been
Saahasee
used to organise poor women on trade lines, to provide
Partner Since: 1998
them infrastructure to participate at all levels, and to
The Foundation funding has also enabled WWF to
Programme: Resource development
of micro credit based women’s
cooperatives aimed at forming and
strengthening women’s savings and credit groups
create its micro insurance corpus. Some of the field
Geographical Coverage: Delhi
Geographical Coverage: Tamil Nadu,
Andhra Pradesh, Karnataka
workers, who would otherwise not qualify for micro
Reach: 16,386 households impacting a
population of 65,544
Reach: 1,103,726 women
programme. Their yearly premium is paid out of this
Partner Since: 1998
Programme: Rotating capital
assistance, capacity building and
financial literacy programme
address critical needs such as credit option, training and
social security measures.
insurance, can be brought into this social security
micro insurance corpus.
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Working Women’s Forum is a multi-state cooperative
Every year 30,000 to 40,000 new members join WWF.
of poor women, characterised by grassroots
The organisation invests in training these new entrants in
orientation, promotion of leadership among working
leadership, awareness in healthcare / reproductive rights
class women and cost-effective large-scale reach.
and financial literacy. The participatory training is tailored
The organisation started with 800 women in the
to the various requirements of the members. They
urban slums of Chennai and now has over 1,103,726
can be in the form of visual materials, charts, and field
members spread across 29 districts and 3676 villages
workshops. The Foundation funding has supported this
in the three southern states of Tamil Nadu, Andhra
programme that is designed especially as a development
Pradesh and Karnataka. WWF’s programmes are
and established new ones for managing the savings and
credit cooperatives in the area. The community women
were effectively engaged in the planning, monitoring
and management of group and individual enterprise
programmes. The project also introduced waste disposal
and paper recycling programmes, enabling the women
to earn additional income. The corporate sector pitched
in to help with the procurement of raw materials and
product marketing.
The federations have been successful in bringing
about holistic development in the communities,
Citi Foundation has been supporting Saahasee’s work
through programmes on micro credit, enterprise,
in two resettlement colonies in Delhi - Mangolpuri and
networking and creating linkages. Many of the women
Sultanpuri. Their programme is focused on:
now possess assets and have renovated or constructed
• Expansion of savings and credit groups in
their houses through loans. Women have also been able
these areas
• Capacity-building and resource development of
women’s cooperatives
to take decisive roles on account of financial support
to their families through small savings with the
federations. The capacity-building and training sessions
• Sustainable livelihood options and opportunities
have helped create a cadre of leaders at the SHG and
• Promotion of linkages and networks
federation level.
model to train grassroots operations and also to infuse
A multi-year grant partner, Saahasee in 2008
Reaching out directly to over 16,000 families,
focused on providing micro credit to poor women
the strategy of using information technology to help
concluded a two-year project that strengthened existing
the programme has indirectly impacted a population
along with financial literacy training.
expand grassroots work among them. 
federations (15 to 20 self-help groups form a federation)
of over 65,500. 
9
A computer training session conducted by Saahasee
at the Mangolpuri resettlement colony in Delhi
Sasha
A Mahila Milan savings and credit group doing their
daily accounts in a SPARC center in Bangalore
and small and enterprise development among marginalised
services for social securities such as pension, insurance,
the most vulnerable and least acknowledged of Mumbai’s
producers. Other services the organisation provides
and educational assistance. Sasha supplemented the
urban poor. In 1986, it joined hands with two community-
include assistance in setting up systems and standards
financial support by providing regular technical inputs,
based organisations – the National Slum Dweller’s Federation
for optimising performance, facilitating product/
financial management training and market linkages.
(NSDF) and Mahila Milan (MM) – to address issues of
Programme: Women’s
enterprises in non-crafts sector,
Ushagram spice unit programme, Microfinance
programme
services development, and providing market access to
The project has covered 30 artisan groups (comprising
microenterprises. Citi Foundation’s support over the past
nearly 1,500 artisans including women, tribal communities
years has helped Sasha expand its reach to non-crafts
and ethnic minorities) in the states of
Geographical Coverage: West Bengal, Orissa, Bihar,
Tripura, Uttar Pradesh, Madhya Pradesh, Rajasthan,
Gujarat and Karnataka
sectors and helped launch the brand RASA (Rural Agro
West Bengal and Orissa. 
Partner Since: 1998
Reach: 5000 artisans and their families impacting a
population of 25,000
SPARC is one of the largest Indian NGOs working on housing
In 2006, Sasha partnered with the Indian School of
organisation working with 100 groups (cooperatives,
societies, SHGs and small enterprises) of marginalised
of business that eventually affected the income and
communities and women in nine states across India. It
employment of the marginalised communities and women.
jewellery, pottery, decorative handicrafts, herbal
products and food products.
Sasha also provides livelihood support, income generation,
10
SPARC
and infrastructure issues for the urban poor.
Microfinance for Women to conduct a needs assessment
end resulted in the entire supply chain suffering a loss
fibres, leather, cane, bamboo, wood, metal crafts,
credit management.
With a reach of half a million families across 70 cities in India,
study showed that funding problems at the producer
to national and international markets for textiles, natural
projects, and building capacities for poor communities in
spices made by underprivileged women are sold.
Based in Kolkata, Sasha is a livelihood promotion
skill development and product development) and access
community participation in housing and infrastructure
Services Association), under which herbal cosmetics and
study and workshop with 20 of its producer groups. The
provides capacity-building inputs (trade and business
urban poverty focusing on areas of land tenure policies,
To address the issue, Sasha undertook a two-year
microfinance programme in 2007. It envisaged providing
SPARC has utilised Citi Foundation grants to:
Partner Since: 1997
Programme: Housing Precedent
Setting / capacity building,
micro credit and livelihood support
• Strengthen the capacity of the community, particularly
women, to manage the activities of their savings and
credit groups
• Maintain the momentum of lending
Geographical Coverage: Maharashtra, Puducherry,
West Bengal, Karnataka, Tamil Nadu
• Provide start-up capital to the women’s collectives
Reach: 500,000 households
networks of poor communities, many of whom are squatters
The alliance of SPARC, NSDF and MM sustains large
credit to select groups to help meet their production
and face eviction at any time. It helps them seek secure
needs, which included working capital and infrastructure/
tenure and lobby the city for better housing. This support
production facilities. Targeted at collectives (SHGs,
Citi has been associated with the Society for the Promotion
helps them manage their resources, negotiate with the
community enterprises, cooperatives), the programme
of Area Resource Centers (SPARC) for more than a decade.
government for benefits and plan for eventual relocation to
also encouraged savings and reserves and other products/
In 1984, SPARC started its work with pavement dwellers -
improved housing. 
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(L - R) Alok Prasad, Country Director, Citi Microfinance Group, Professor Muhammad Yunus, Nobel Prize Winner, and
N. Rajashekaran, Country Business Manager, Global Consumer Group, Citi India, at the Sa-Dhan policy conference
Sa-Dhan
member networks and promoting microfinance in providing
the poor with access to financial services.
Partner Since: 2007
In the first year of the programme (November 2007–
Programme: Citi Network
Strengthening Programme
October 2008), Sa-Dhan focused on developing strong
Geographical Coverage: 29 States
mainstream financial sector, and relevant stakeholders at the
ties with relevant government and regulatory agencies, the
Citi Micro
Entrepreneur Awards
other geographies as part of the bank’s commitment
to honouring the microentrepreneur community. The
awards recognise the power of individual enterprise
to launch sustainable businesses using the tool of
Awards Launch : 2004
microfinance, not just for themselves but also for the
community around them.
summit was attended by 760 participants from stakeholder
Programme: The awards
recognise individual
microentrepreneurs who have
used microfinance to set up
sustainable enterprises and in the process
emerged out of poverty and created jobs
groups including not-for-profits, government and corporates.
Geographical Coverage: 22 states
their members to develop products and services for their
It held five regional workshops focused on its ‘Code of
clients. The global partners of the programme are the
Conduct’, the SHG performance measurement tool, and
Reach: 2999 applications from 2004–2007;
2490 applications from 95 NGOs/MFIs in 2008
Banking for the Poor Network (BWTP), the Foundation for
disclosures that members need to incorporate in their
Development Cooperation (FDC), and the SEEP Network.
Annual Report. During the period, Sa-Dhan published two
The Citi Micro Entrepreneur Awards have become a
by the selection process. In fact, each winner’s story is
reports including the ‘Side By Side Report’ on the transaction
major fixture on the country’s microfinance calendar.
special, with experiences and lessons not just for other
cost of microfinance delivery across models, and the ‘Quick
Launched in India in 2004, the programme has become
microentrepreneurs, but also for the entrepreneurial
Report’ on microfinance operations that contained data
an event that not only celebrates the enormous skills
community in general in India. So, whether it is the
from 83 organisations.
and talents of microentrepreneurs, but also the spirit
strategies adopted by the winners, or their resilience or
of enterprise itself. The awards, which celebrated their
risk-taking abilities, there is something in every story for
fifth year in 2008, is implemented by Delhi-based NGO
the Indian entrepreneur.
Reach: 186 MFIs and 34 capacity-building institutions
national and regional level. With that goal in mind, Sa-Dhan
organised the Annual Policy Conference on ‘Finance Against
Launched by the Citi Foundation, the Citi Network
Strengthening Programme (CNSP) is a global initiative to
increase the ability of 12 major microfinance networks and
In India, the programme is in partnership with Sa-Dhan,
one of the largest microfinance networks in the country
reaching out to 22 million microfinance clients through its
network of 220 MFI / NGO members. As part of CNSP, Sa-
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Winners of the 2008 Citi Micro Entrepreneur Awards with Chief Guest Honorable Montek Singh Ahluwalia, Deputy Chairman,
Planning Commission, the National Advisory Council and jury members and Citi senior management at the awards ceremony
Poverty Architecture and Institutions’ in April 2008. The
In India, the past five years have been marked by
a significant increase in the scale of the awards.
Starting with 273 entries from 17 states across
India, it has become a massive exercise where the
screening organisations - drawn from some of the
best business schools in the country - sift through
2490 entries to select short-listed applicants. The
awards also moved from being an urban affair to
including the rural landscape, with 22 states covered
Dhan works towards enhancing the sector’s infrastructure,
Sa-Dhan also engaged with the Institute of Chartered
introducing higher standards of management and
Accountants of India (ICAI) to develop accounting and
governance, establishing an accounting standard, educating
disclosure norms for MFIs. It launched the ‘Diploma in
the network members on the code of conduct, transparency
Finance’ in collaboration with the Indian Institute of Banking
The significance of the initiative is evident in the fact
over the years by the active participation of some of
and disclosure norms, enhancing the financial literacy of the
and Finance (IIBF). 
that Citi has now rolled out the programme in 25
India’s finest policymakers as well as noted industrialists
Partners in Change.
The participants and the winners have been encouraged
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2008 Citi Micro Entrepreneur Awards ‘National Winner’ from the North Rehana took up
tailoring as a profession and now has set up her own store from her home. Currently with a
team of 5 employees, Rehana also provides free training to needy women at her boutique
and businesspeople. Dr Montek Singh Ahluwalia, Deputy
National Advisory Council
Screening Organisations
Chairman, Planning Commission was the Chief Guest
The business works with 22 MFIs that reach out to
• Deepak Parekh, Chairman, HDFC
• Indian Institute of Management (IIM) Bangalore
at the 2008 awards, while previous guests have included
an end-client base of more than 700,000 customers
• Gautam Thapar, Chairman, Ballarpur Industries
• Indian Institute of Management (IIM) Kolkata
Finance Minister Palaniappan Chidambaram, Commerce
across 15 states and over 6,000 villages. It offers a
• Kiran Mazumdar Shaw, Chairperson, Bicon India
• SP Jain Institute of Management and Research
and Industry Minister Kamal Nath and Minister of State
diverse range of products starting with debt issuance,
• Maxine Olson, former UN Resident Coordinator
for Commerce Jairam Ramesh. Top business leaders and
industrialists have guided the awards process over the years
as part of a standing National Advisory Council (NAC).
N. Rajashekaran, Country Business Manager, Global
Consumer Group, Citi India said: “Increasingly, the
Government’s investment and support communities
& UNDP Resident Representative
Mumbai
• Faculty of Management Studies (FMS) Delhi 
of the Board, Infosys Technologies
• R. Gopalakrishnan, Executive Director, Tata Sons
• Shekhar Gupta, Editor-in-Chief, The Indian Express Group
• Shabana Azmi, Member of Rajya Sabha and actor
Citi Microfinance Group
In keeping with the government’s policy focus on
financial inclusion, Citi India has supported the
National Jury
development of the microfinance sector through its
dramatically improve quality of life for the underprivileged
• B.K. Jhawar, Chairman, Usha Martin Group
commercial microfinance initiatives and capacity-
and facilitate financial inclusion. The awards aim to
• Dilip Ranjekar, CEO, Azim Premji Foundation
building programme funded by Citi Foundation grants.
illustrate and promote the effective role that microfinance
• H N Sinor, former Chief Executive, Indian Banks
Association (IBA)
women applicants has been extremely encouraging (56
• Kumar Ketkar, Editor, Loksatta
per cent of the applicants are women), marking a definite
• Pramath Raj Sinha, CEO, 9dot9 Mediaworx
trend shift and this makes us extremely proud to be have
• Radhika Haribhakti, Chair of the Board, Friends of
enabled this platform.”
To learn more about the awards please log on to
www.citimicroawards.net
securitisation, direct lending to MFIs and cash
management.
• N.R. Narayana Murthy, Non-executive Chairman
are recognising microfinance as a solution that can
plays in poverty alleviation. In 2008, the number of
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Weaving their way through microfinance - women from a
Self Help Group in Uttarakhand working on the handloom
Women’s World Banking
• Veena Mankar, CEO, Swadhaar FinAccess
Since its launch in 2005, the Citi Microfinance
It also offers individual loans to the members of NGOs /
MFIs, term loans to the NGOs / MFIs to on-lend to their
members, asset assignment structured on a risk-sharing
basis and micro savings through no-frills accounts. The
bank has so far opened over 14,000 ‘no-frills savings
accounts’, known as Citi Pragati. The Pragati account
holders, many of whom are illiterate, can access the
biometric and multilingual voice-supported ATMs set up
by the business. 
Group has seen considerable success and remains
the industry leader among multinational banks
operating in India. This has been achieved with a mix
of innovation – both from a product and technology
standpoint - and a well-articulated business
strategy, along with partnerships and focus on risk
management.
15
Financial Education
Economic and social empowerment through
microfinance depends on knowledge. This knowledge
includes the ability to create financial plans, set financial
goals and develop strategies to achieve financial
stability. To further this cause, Citi has focused its efforts
on financial education and asset building, which includes
insurance, remittances, savings, matched savings, home
ownership, and tax credit programmes to bolster their
economic independence.
This belief led Citi India to launch a financial literacy
pilot programme in partnership with SEWA Bank in
2001. SEWA (Self Employed Women’s Association), the
parent organisation, educates women to become selfreliant so that they can help their families achieve full
employment.
The programme teaches women how best to employ the
money they have borrowed and the profits they earn.
For example, it teaches them to stagger their expenses
when planning a wedding, or to save regularly for their
children’s education.
Following the success of this pilot programme, Citi
provided core funding to set up the Indian School of
Microfinance for Women (ISMW) in Ahmedabad, Gujarat.
In 2008, Citi India decided to extend its financial
education support programme beyond women to
children so that they can learn the basics of financial
education and aim for a better life. Citi partnered
with Mumbai-based NGO MelJol to extend its financial
education support programme to children in rural areas
across four states – Maharashtra, Orissa, Rajasthan and
Kerala – and in ten schools in the city of Mumbai.
Children in the Dalkhan School, Thane district,
Maharashtra learn the importance of saving through
the Aflatoun Financial Education programme
17
Empowerment through women’s leadership in microfinance - a client of microfinance
institution SAKHI based in Gujarat selling bangles. She is also the group leader of the SHG
in her village and a respondent to ISMW’s women’s leadership research
Training on financial literacy at the Indian School of Microfinance for Women, where a
partner of the Citi Center for Financial Literacy is explaining her points on the board
Indian School of Microfinance for Women
As of December 2008, ISMW and the Citi Center for
Financial Literacy have covered 3754 NGO staff / members
through 90 training sessions and 34 workshops, and 7400
microfinance practitioners through its 13 financial literacy
Partner Since: 2004
Programme: Capacity-building training for microfinance stakeholders; sector-related research;
spreading financial literacy through campaigns, workshops and training
awareness campaigns.
The National Alliance for Financial Literacy
Geographical Coverage: Madhya Pradesh, Manipur, Orissa, Maharashtra, Gujarat, Tamil Nadu,
Puducherry, Andaman & Nicobar islands, Andhra Pradesh, Assam, Uttrakhand, Karnataka, Kerala & West Bengal
On October 14, 2008, the Citi Center for Financial Literacy
Reach: 3754 NGO staff / members through workshops and training, and 7400 microfinance practitioners through
financial literacy awareness campaigns
implemented through the National Alliance for Financial
launched the National Financial Literacy Drive. This is being
Literacy (NAFiL), a network of NGOs / MFIs, whose objective
is to reach one million poor women across India in 2009 in
of financial literacy through training workshops and
leading educational institutions to focus on microfinance
awareness campaigns. The goal is to train a pool of
The mission of NAFiL is three-fold:
and aims at capacity-building of financial institutions –
professionals who can strike a balance between social
• Empower the poor through financial knowledge
NGOs, MFIs, banks - practicing microfinance.
development and economic sustainability.
• Create a pathway out of poverty
Based in Ahmedabad, ISMW is promoted by SEWA Bank,
Citi Center for Financial Literacy
Friends of Women’s World Banking (FWWB), and Coady
The Citi Center for Financial Literacy housed within ISMW
International Institute, Canada with core funding from
adopts a two-pronged approach: ‘Train the Trainer’ (ToT)
Citi Foundation. SEWA Bank and FWWB are leaders in the
programmes for NGO / MFI staff and field workers, and
B.P. Vijayendra, Chief General Manager of the Reserve
microfinance field, while Coady International Institute,
financial literacy awareness campaigns for grassroots
Bank of India (RBI), during the launch of NAFiL commended
established by St. Francis Xavier University, is a centre of
women borrowers. The key components of the Center’s
the concept and initiative of Citi Center for Financial
excellence in sustainable community-based development.
programmes include financial planning, budgeting, savings,
Literacy. He highlighted the importance of financial
investments and borrowing, aimed at educating women to
literacy and discussed the steps being taken by the central
make informed money management decisions.
bank to disseminate financial education through various
ISMW’s core activities include capacity-building training
and research for the microfinance sector, and spreading
18
partnership with microfinance organisations.
The Indian School of Microfinance for Women is one of the
• Encourage prosperity in the broader community
Ten nationwide microfinance organisations have joined
NAFiL and are committed to promoting financial literacy.
“In the process of delivering financial
services to poor self-employed women,
SEWA Bank realised that to help the
poor come out of debt-traps and to
build assets and wealth, there is a need
to provide financial literacy along with
other financial services. Citi’s support to
financial literacy has helped thousands of
women change their attitude in dealing
with finances - instead of living on a dayto-day basis, they have started planning
for life-cycle financial needs. This has
been possible by building their financial
knowledge and skill of saving regularly,
thinking before spending and borrowing,
insuring their risks and investing for
future - even securing their old age.”
Jayshree Vyas, Managing Director, SEWA Bank &
Managing Trustee, ISMW
19
A Reserve Bank of India (RBI) officer teaches children from Gilder Lane Municipal School
about money and savings. Here he is giving information on the cheque clearing process
using MICR technology. This is part of the Aflatoun financial education programme
MelJol Aflatoun series books in Malayalam for the programme at Kerala. With Citi’s
support, the books are now available in Marathi, Hindi, Urdu, Udiya and Malayalam
languages as well. Books in Rajasthani Hindi will also be published in July 2009
publications and other audio visual means. He also gave
assurances that the central bank would extend all possible
MelJol
aware of the advantages of saving, ways to save, and
provides them opportunities to save in school-level piggy
help and guidance. 
“The NAFiL programme has
created awareness among the
women and artisans of Sasha
producer groups in four districts of
West Bengal about how to use, save
and borrow money in a planned and
sustainable way. The workshops,
meetings and surveys under the
programme have shown that the
target communities are learning and
applying financial skills in their own
life situations and moving towards
economic stability.”
Roopa Mehta, Executive Director, Sasha,
NAFiL member
banks. It also teaches children:
Partner Since: 2008
• How to use the banking system
Programme: Financial
education pilot
programme ‘Aflatoun’ for
underprivileged children
• The power of savings
• How to use their savings responsibly
• To instill in children a sense of pride in their ability to
intervene in and participate in their own world
Many believe that the programme has succeeded
because it is child-friendly and puts children at the
centre of all activities.
• How to change their world for the better
With grant support from Citi Foundation, the programme
• How to improve their social skills
has covered 183,400 children (ages 6-14 years) across
Geographical Coverage: Maharashtra, Kerala,
Orissa and Rajasthan
This programme is implemented through an informal
Reach: Over 183,400 children
classroom-based structure of pooling and storing money
923 schools since July 2008. About 40% of these
children are tribal and 50% are girls.
collectively under the guidance of the class teacher. It
Aflatoun has been exceptionally successful in India
is accompanied by the creation of a classroom club run
and has been adopted in South Africa, Egypt, Brazil,
In 2008, Citi partnered with MelJol, to launch ‘Aflatoun’, a
by the children that helps develop the notions of rights,
Argentina, Vietnam, Philippines and Poland. Currently,
pilot financial education programme for underprivileged
responsibilities, and values that are essential to the
the programme educates over 500,000 children in 22
children in rural areas. Reaching across four states
success of the programme.
countries and aims to bring its curriculum to one million
- Maharashtra, Orissa, Rajasthan and Kerala - the
programme focuses on self-empowerment and nurturing
The goals of this programme are:
entrepreneurial skills. Most of the children under the
• To ensure that participating children are engaged in
programme are first-generation learners and come from
tribal families that are classified as ‘backward’ by the
Government of India, and are the offspring of farmers or
landless or bonded labourers.
children in 75 countries by the end of 2010. 
sound economic and financial practices
• To encourage children to break cycles of poverty by
educating them to set goals, plan, and save
• To make children aware of child rights and
responsibilities
Aflatoun aims to ensure a tangible transformation in the
• To develop in children a sense of responsibility
lives of school-going children. It makes these children
20
21
Education
India has the largest population of young people in
the world, and demographically, they are set to become
the single largest segment of any age group in the
country. This presents the need to ensure a proper
future for children across the length and breadth of the
country. Quality education is seen as one of the biggest
gaps in India.
Since 2002, Citi India has been working in the sphere
of education in partnership with three leading NGOs
– Akshara, Akanksha and Pratham. The programmes,
which reach out to 500,000 children across nine states,
are focused on tackling two key challenges. The first is
decreasing the drop-out rate in the country: on average,
about 50 percent of children from underprivileged
communities drop out of school once they reach
standard V as families expect them to start earning to
supplement the family income. The second is the need
to integrate children into the formal education system
provided by the government.
Some of the methods adopted by the NGOs to achieve
these objectives include:
• Strengthening the primary education needs of children
in slum communities by creating access to pre-school,
teaching them to read and do basic math, enrolling
them in schools / education networks, and developing a
reading habit through libraries and books
• Introducing higher competency learning like
English and Math
• Helping develop skills to successfully complete
secondary school
• Involving parents and the community in the
education process
• Developing links with municipal and private schools
• Improving the quality of teachers through teacher
training
Citi also aims to build the next generation of thought and
industry leaders. In 2001, the Citi Scholars Programme was
launched at the Indian School of Business, Hyderabad.
Children at one of the Citi supported Akanksha centers,
attending their after-school programme which uses
educational games and activities as part of the curriculum
23
Two boys attend Pratham’s
Read India class in Himachal Pradesh
Members of the Pratham family come together to celebrate
six months of Read India at the Nagpur mela- January 2008
Pratham
Akshara
Partner Since: 2004
Programme: Address the primary educational needs of underprivileged children
Geographical Coverage: Uttar Pradesh, Gujarat, Maharashtra,
Andhra Pradesh, Rajasthan, Madhya Pradesh, Delhi and Rajasthan
Reach: 293,028 children
Since its inception, Pratham’s goal has been to
and Standard 3 & 4 competencies - fluent reading
ensure that “every child is in school and is learning
of paragraph / story, writing and solving arithmetic
well”. Depending on each child’s ability, Pratham has
problems. This is done through one-to-two month city-
a range of direct classes that teach English, Math, and
wide campaigns to enable improvement of at least one
Science. Its programme employs a highly successful
level in the children’s learning levels. The campaign is
accelerated learning method; children who cannot read
conducted by mobilizing volunteers who usually are
or write are often able to perform basic mathematics
young adults or college students and providing them
in three weeks. There is also an indirect approach that
with the necessary training and material. Each volunteer
includes creating libraries to help children develop an
works with 15-20 children.
interest in reading.
24
The first three-year Citi-funded programme reached
Pratham’s catalytic ‘Read India Campaign’ aims to
out to 225,000 children, and since October 2008, it
substantially improve learning among children by
has impacted an additional 68,028 children. The Citi /
ensuring improvement in reading-comprehension,
Pratham partnership funds the programme, including
writing and arithmetic. Read India focuses on Standard
teaching materials, books in the library, teacher training
1 & 2 competencies - recognition of alphabets /
and teacher salaries and Pratham’s team of Trainer
words / numbers and understanding of place value,
Monitors, who manage the programme. 
“A couple of decades ago, universal
education was mostly approached
from a social justice perspective.
Since the mid-90s, as India’s
liberalised economy started showing
promise, the economic aspect of
education has come to the fore as a
pre-requisite for the strong sustained
growth of the nation. We strive to
create triangular partnerships in
which government, corporates, and
people can actively participate in
shaping policies and practices in this
field. We are very happy that Citi is a
long-term partner in this effort. After
all, education is too important to be
left to the government alone.”
Partner Since: 2004
Programme: Primary
school literacy and math programme
Geographical Coverage: Karnataka
Reach: Approximately 300,000 children
Akshara Foundation’s mission is similar to that of
Pratham’s. Established in 2000, Akshara is part of
the Pratham Education Initiative and has replicated
Pratham’s approach of comprehensive, scalable, and
cost-effective education solutions. Its programmes focus
on children and are designed to improve their overall
development, bolster school enrollment, and discourage
dropping out. Akshara achieves this by building strong
partnerships with the government, the voluntary sector,
and the corporate sector. Core to Akshara’s beliefs is that
the best leverage in improving the quality of and access
to education is in working with and within government
delivery systems. Hence it works closely with the
Education Department of the Government of Karnataka
and the different school administrations. To date, it has
Madhav Chavan, CEO and Founder, Pratham
successfully changed the lives of approximately 300,000
children in and around Bangalore. 
25
ED 3
Akanksha children singing in their music class, which
is an integral part of the after-school programme
A young student at Akanksha’s art and crafts class
Akanksha
Partner Since: 2001
Programme: Adoption of two
Akanksha Centers – Worli
and St. Joseph’s School, Colaba. These centers
employ educational games, songs, and arts and
crafts as part of a strong in-house curriculum. The
programme also focuses on confidence building,
awareness of current affairs and the ability to think
critically on issues that impact their lives
Geographical Coverage: Maharashtra
Reach: 900 children in two centers since 2001
Akanksha works in the field of education by addressing
non-formal education through their centres and by helping
children to access formal education. It has a comprehensive
after-school programme that aims to make learning fun.
It includes educational games, music and arts and crafts
in addition to a strong in-house curriculum. Besides
academics, the programme also focuses on confidence
building, awareness of current affairs and giving children
the ability to think critically on issues that impact their lives.
Akanksha believes that this model can help fill many of the
gaps in the current school system.
26
“The India Community Day event
with Akanksha, Mumbai was
enriching and meaningful. The
confidence, talent and creativity
the children displayed was
incredible and our interaction
with them was insightful.
The creative carnival was a
perfect space for colleagues
and children to explore their
artistic side. Akanksha’s efforts
in enabling these children to
overcome the challenges they
face in their day-to-day life and
emerge as confident citizens is
commendable.”
Pramit Jhaveri, Head of Global Banking, India
and Vice Chairman, Asia Investment Banking
Centres are run for groups of 50-60 children for two and a
students every year and thus far 28 Citi Scholars have
half hours each day, five days a week. The children attending
benefited from this programme. This programme
the two Citi-supported centres come from diverse slum
reinforces Citi’s goals of developing managerial talent
communities in Mumbai, some of which house migrant
for the global economy. 
workers, part-time labourers, and fishermen with monthly
family incomes of Rs. 1500 to 4000 (US$ 30 to 80). Each
centre is staffed with professional teachers that work with
volunteers and social workers. 
Indian School of Business
Citi Academy for Special
Education at the Society
for the Rehabilitation of
Crippled Children
Citi India offered Rs. 1 crore (US$ 222,222) to the Society
Partner Since: 2001
for the Rehabilitation of Crippled Children (SRCC)
Programme: Citi Scholars
Programme, which is awarded to
four to six students each year
to establish the Citi Academy for Special Education. The
Geographical Coverage: The scholarship covers
deserving students from across the country
inadequacies. They receive educational guidance at their
Reach: 28 scholarship recipients thus far
curriculum. SRCC is a not-for-profit organisation working
funds support a first-of-its-kind institute that provides
special education to students with a variety of learning
own levels, enabling them to cope with the regular school
in the area of care and treatment of disabled children. It is
Citi Scholars Programme
one of the few organisations in India equipped to handle
In 2001 Citi Foundation provided US$ 1 million to the Indian
any sort of disability in children. 
School of Business (ISB) in Hyderabad to set up
an endowment fund that grants scholarships to deserving
students. A minimum of four scholarships is offered to
27
Small and Growing
Businesses
Small and growing businessess play a critical role in
growth and employment generation. While there has
been increased attention on microenterprises from the
development sector, the category of small and growing
businesses is often ignored and hence under-funded.
Recognising this group as an equally important participant
in the economic growth cycle, Citi has been working
towards facilitating investments, technical assistance,
marketing opportunities and capital to strengthen their
network and create a more sustainable environment for
success. Through Citi Foundation’s global programme,
New Ventures, Citi has been supporting enterprises that
deliver social change and environmental benefits through
business development services, access to capital, networks
and information.
Citi also feels there needs to be greater understanding
and research in this sector if it is to contribute more
to growth and become a catalyst of financial inclusion.
To that end, Citi has been supporting the Centre for
Analytical Finance at the Indian School of Business,
Hyderabad, to undertake research on improving access
to capital markets for small and growing businesses,
SMEs and microenterprises. The center is expected
to recommend required reforms to further accelerate
financial inclusion, create a bridge between the
economically disadvantaged communities and key
stakeholders, and enable and engineer systemic changes.
Nandan Biomatrix is a NVI supported enterprise
involved in cultivation, research, development and
commercialisation of bio-fuel and medicinal plants. Seen
here is the organisation’s Jatropha cultivation site. Jatropha
is considered to be one of the best potential sources for bio
diesel, which is less polluting than petro diesel
29
The panellists at the Indian Banking Conference hosted by Centre for Analytical Finance (CAF) at the Indian School of Business
(ISB). (l- r) Sanker De, (Executive Director, CAF), Sanjay Nayar, (former CEO, Citi South Asia), O. P. Bhatt, (Chairman, State
Bank of India), P. J. Nayak, (former Chairman and CEO, Axis Bank) and Joydeep Sengupta (Director and Senior Partner, McKinsey)
Indian School of Business,
Centre for Analytical Finance
Partner Since: 2007
Programme: Research and policy
forums to positively impact financial market
participants like small and growing businesses,
SMEs and microentrepreneurs
Geographical Coverage: India and
emerging markets
In the last decade, India has experienced unprecedented
levels of economic activity and growth. Significant and
far-reaching changes are taking place in the financial
arena, especially in markets, financial instruments,
regulations, institutions, and the financial landscape for
students and practitioners to impart analytical
organic agriculture, sustainable forestry, and ecotourism;
and engineer systemic changes.
skills that could be used for empirical research across
or 2) offer substitutes or solutions to resource-intensive
business disciplines. 
products or services, such as clean technologies, renewable
During the first year of the programme (August 2007December 2008), CAF undertook several research projects
on issues that include:
• Examining the complex linkages between legal and
business environments, financing channels, and growth
patterns of different types of firms
• Presenting implications for the credit policies of financial
intermediaries in developing economies
• Dealing with relationship-based credit received and
extended by small firms in India that explain the role of
informal relationships
• Establishing that franchising is a potential mechanism for
cost-efficiencies as well as the ability for local capitalists to
form a coalition to participate in micro-lending
To publicise the research and encourage policy debate, CAF
be felt outside of India’s urban centres.
organised four lectures, three research conferences and one
the rural areas of the country, Citi partnered with the
Center for Analytical Finance (CAF) at the Indian School
of Business (ISB), Hyderabad, to undertake primary
research. The research is used to help recommend
30
and growing businesses and microenterprises, and to enable
commercial banks. However, this rapid growth has yet to
Realising that there was a need to expand growth into
Professor Raghuram Rajan, Chair, Committee on Financial Sector Reform, Planning
Commission delivers the special address at the Indian Banking Conference at ISB
policy conference. These brought together opinion leaders
including academics, practitioners and regulators from
India and across the globe to share knowledge in all areas
of finance, and to identify key strategic issues related to
finance sector reforms in emerging economies.
energy, and sustainable materials. Additionally, investments
New Ventures India
in SMEs produce financial returns while multiplying benefits
New Ventures India (NVI) is a centre of sustainable
in the local economy. One of NVI’s achievements has been
entrepreneurship, designed to meet the needs of SMEs
the establishment of a local ecosystem of support for
whose products and services produce strong environmental
sustainable SMEs consisting of the New Ventures India
and social benefits. The programme identifies sustainable
Steering Committee, Green Investor Network and Coaches’
enterprises with high-growth potential and supports them
Network. The Steering Committee is responsible for offering
through providing mentoring and business development
guidance and direction to the programme. The Green
services and connecting them to capital and markets.
Investor Network is a membership-based group composed
Since its inception in December 2005, NVI has supported
of investors interested in sustainable sectors. Through the
31 of the most promising sustainable SMEs in India. It has
Green Investor Network, investors gain a strong source of
facilitated around US$ 20 million of investment into nine of
deals, a venue to interact with other investors interested
these companies.
in environmental sectors, and a supply of information on
NVI is a joint initiative of the Confederation of Indian
Industries (CII) - Sohrabji Godrej Green Business Centre in
Hyderabad and the World Resources Institute in Washington
DC. Globally, New Ventures supports sustainable SMEs in six
such as employment generation gained by stakeholders
sustainable investment and entrepreneurship. The Coaches’
Network is a group of business executives and investment
professionals who provide pro-bono mentoring
to NVI enterprises.
of the world’s most dynamic emerging economies: Brazil,
New Ventures India is supported by the Citi Foundation, the
China, Colombia, India, Indonesia and Mexico. These SMEs
British High Commission under the Strategic Programme
provide innovative solutions to the global environmental
Fund and the US Department of State under the Asia Pacific
reforms to further accelerate financial inclusion, improve
Keen to cultivate the next generation of researchers, CAF
problems through their products, services, and business
Partnership Programme. The initiative was established by
access to capital markets for small investors, SMEs, small
also organised workshops and training programmes for
models that 1) responsibly use natural resources, including
USAID through its Global Development Alliance. 
31
Disaster Relief and
Rehabilitation
India has witnessed several natural disasters in
the past few years, including the Gujarat earthquake, the
tsunami along the south coast , and the Bihar floods. Given
the size and geographic spread of the country, providing relief
support is always a challenge. The vast population is another
factor since the numbers affected often surpass those in
many other parts of the world.
Disaster relief and rehabilitation efforts are a key priority
for Citi, which offers fund support from Citi Foundation,
encourages employee contribution (both of a cash and in-kind
nature) and galvanises financial support from business units.
Citi employees contributed generously to relief efforts after
the Kosi floods hit Bihar on August 18, 2008. The donations
were channelled to international NGO ActionAid, which sent
a relief team to help the more than 11 million people that were
displaced. For more than a month, ActionAid provided food,
water, sanitation, temporary shelters, lighting, rescue and
Urmila Devi from Piluaha village is one of the
many who received an ActionAid transit shelter
ActionAid volunteers conducting health awareness
training for pregnant and young mothers on how to
use supplementary food for infants and children
food for babies, and pregnant and nursing mothers. They also
organised health camps, facilitated counseling and provided
recreation for children. Transit shelters were constructed
for 600 families and approximately 600 additional families
received other support. Aid was also delivered to about 100
families to enable them to resume their livelihood.
Citi also recognised the need for longer-term support since
most of the affected had not only lost livestock and their
harvest, but also the floods had destroyed or made infertile
agricultural land. Utilising Citi donations, ActionAid partnered
with local NGO Vikas Vihar to help 147 families in the badly-hit
Supaul district.
Citi’s support has enabled:
•Delivering aid to 56 families • Giving 16 families five goats
each to resume their livelihood • Giving materials and aid to
10 families to resume harvesting bamboo, a prominent
local crop • Offering support to nine families to restart their
vegetable business, which included the purchase of weighing
scales • Helping five families start bicycle repair shops to
generate income • Supporting five families to restart their
Channa Bhujia (Indian snack) business • Supporting five
families to start village-based canteens / dhabas (roadside
Villagers constructing a temporary bridge after the
Kosi flood near Daparkha Village in Triveniganj
‘Cash for Work programme’ where affected people
are encouraged to work towards rebuilding and
reconstructing property such as roads, wells, schools
and medical centers. They are paid for their labour and
earn some income for their families. Here, villagers are
repairing the road in Satanpatti village of Raghopur block
eateries) • Supporting five families to start roadside sweet
stores • Helping one family start a betel shop
33
Volunteerism
Volunteerism has always been an integral part of Citi’s
culture. Around the world, our employees pour their
passion, talent, and expertise into causes they believe in
to help improve their communities.
In India we approach volunteerism through a
two-pronged approach:
a) Affinity-based involvement of employees in long-term
community programmes. Our employees’ support of
Employees start their Global Community Day
by painting beds for the severely disabled at
the Anand Niketan Center in Mumbai
The elderly and the severely disabled break into dance with
Citi employees at the Anand Niketan Center in Mumbai
NGO partners includes providing guidance on improving
Employees serving lunch that they have prepared
to underprivileged children in Vijaywada
systems and IT infrastructure, financial systems,
management, marketing, legal and tax-related matters.
b) Mobilising employees for large event-based initiatives
Global Community Day
Launched in 2006 globally as a major volunteer initiative,
employees participate in hundreds of projects across
hundreds of cities in one day to effect change in their
communities. In 2008, over 1600 employees across 28
locations in India participated in 42 projects, including
education, housing, environment protection, child welfare,
disaster relief, mentally and physically challenged children
and health care.
India Community Day
In April 2008, Citi India launched India Community
Day - the first national volunteer initiative. The event
gives employees a further opportunity to make a real
difference in the communities in which they live and work.
CEO Citi South Asia Mark Robinson along with Citi employees cheering on children
at the Citi Concern India Sports Day for underprivileged children in Mumbai
Employees were very happy to
spend time with and serve lunch
to the elderly at St. Joseph’s
Home for the Aged in Kolkata
The first event saw 471 Citi India employees, family and
Employees discovering their
green thumbs by planting trees at
the Dhan Foundation in Madurai
friends participate in 27 activities across 14 towns and
cities. The second event saw a 17% increase in employee
participation.
Concern India Annual Sports Day
The Concern India Foundation supports underprivileged
children by providing education and other facilities for
their overall development. Since its inception in Mumbai
in 2003, the Citi-Concern India Annual Sports Day has
expanded to four additional cities: Chennai, Kolkata,
Delhi and Bangalore. Over 250 children from up to 10
NGOs participate in each of the sports days across the
country. Every year, over 115 Citi employees participate
in managing each event, which gives children the
opportunity to learn vital social skills through the
medium of sport.
Employees use creative and interactive
activities while conducting a session on financial
education with women from this SHG in Pune
Employees teaching children Math and
English through classes and through
educational games at Pratham in Dehradun
Employees take out their
brooms and sweep the village
area clean with Sankalp
Saksharta Samiti in Noida
Employees are all smiles after
cleaning Elliot’s Beach in Chennai
35
Workplace
Citi strives to provide an inclusive, meritocratic, fair,
safe and professional work environment for our 8000
employees in India.
As an equal-opportunity employer, Citi’s Respect
at Work and Code of Conduct Policies make it clear
that Citi does not tolerate any form of unlawful
discrimination on the grounds of gender, sexual
orientation, race, nationality, color, religion, belief,
disability, marital or civil partnership status, age or
otherwise.
Citibanking Onboarding • November 2008, Gurgaon
Insurance Basics • December 2008, Mumbai
This applies to all decisions relating to recruitment
or employment, including job selection, work
assignments, training, promotion, performance
appraisal, career development, compensation and
benefits, administration and terms and conditions or
employment.
We strive to make Citi a great place to work and we
Individual Leadership • September 2008, Mumbai
At Citi India, we believe that
diversity and inclusion are
a source of strength and
a competitive advantage,
and must be embraced as
a business imperative. We
believe a diverse talent pool
adds tremendous value to our
ability to serve our varied client
groups. Our Diversity initiative
ensures that we nurture
our employees’ professional
ambitions whilst providing
them enablers to fulfill their
personal responsibilities. ”
Sumit Chadha, Senior Vice President,
Collections Head & India Diversity Champion,
Citibank
encourage diversity and inclusion by fostering flexible
work strategies, conducting training, supporting
employee networks, celebrating the rich and varied
cultural heritage of our employees and providing
work / life programmes.
Diversity@Citi India
Citi India is a truly diverse organisation. The Citi India
Diversity Council, along with the India leadership team,
has established various activities to ensure that we
achieve our diversity goals, including:
• Tracking women attrition at every level and
implementing initiatives to stem the outflow to ensure
a healthy representation of working women in every
business
• Continuing to attract diverse talent and broaden the
sourcing pool using both part-time and flexi-time
policies
• Continuing to partner with external organisations to
provide training and development opportunities for
women employees
An engaged and constructive dialogue with employees
has laid the foundation for these initiatives, and it is
37
Understanding Treasury Dynamics • July 2008, Mumbai
A team of Citi’s senior women managers at the Women in Finance
Asia event in Mumbai. WiFA provides networking and development
opportunities and support for women across Asia
Core Banking Programme • September 2008, Goa
their enthusiasm and participation that has set the
maternity leave for all women, adoption policies
programmes for employees, ranging from mandatory
wheels in motion.
and options for sabbatical
programmes such as anti-money laundering and
Citi India has created several taskforces to tackle areas
of concern for its female employees. The Networking
Taskforce helps to connect female employees with Citi
India’s senior management, while the Diversity Outlook
Committee studies the marketplace and introduces
best practices to Citi. The Infrastructure Taskforce
addresses issues such as the adequate provision of
investment certification to the development of specific
Champion in the Women in Leadership (WILL) Forum,
skills in the areas of service and sales. Citi has also
a body comprising of women leaders from across
instituted a dedicated set of programmes that help
industries focusing on sharing best practices, carrying
identify and develop leadership potential among
out research, developing mentoring and leadership
young employees.
training programmes with the objective of developing
women leaders for the top
Citi is one of the few organisations to have a dedicated
corporate university, which has a virtual presence across
crèche facilities and safe commuting for women travelling
The group also circulates a monthly Diversity newsletter,
26 locations in the country covering 8,000 employees.
alone, especially at night. The Diversity Communications
which is used as a medium to:
In 2008 alone, Citi India conducted a total of 1637
team focuses on creating awareness and improving
• Communicate Citi’s Diversity friendly policies
technical training programmes and 117 behavioural
communication with employees, along with obtaining
• Create awareness on diversity-related issues
enhancement programmes, and attracted as many as
feedback on various initiatives.
• Share thought leadership and best practices on
64,515 attendees.
While there has always been a strong and deliberate
effort to build, maintain and expand a work environment
conducive to attracting and retaining the best people,
India has further refined its focus on building diversity by:
• Promoting work-life balance through a five-day week
• Enhancing women-friendly employee-related policies
for safer transit accommodation and after-hours travel
• Introducing a flexible work plan which includes
flexible work time, part-time work, six months
38
• Active participation by Sumit Chadha India Diversity
diversity
• Share the working experiences of senior India
employees
• Communicate the latest activities being undertaken
• Informal meetings between senior women managers,
and women employees of Citi.
Training and Development
Citi assigns great importance to the development and
retention of talent. It conducts a variety of training
39
This report has been put together by the Citi India Corporate
Affairs team: Godwin Chellam, Aloka Majumdar and Shahin
Dastur. For more information on Citi’s corporate citizenship
acitivities in India contact [email protected]
Women from the Kutch Mahila Vikas Sangathan in Gujarat,
design, innovate, produce and market embroidered garments
and table cloths as entrepreneur-artisans. Seen here, a group
of artisans working on their famous appliqué work
Citi Centre
Bandra Kurla Complex
Bandra (East),
Mumbai 400051
India